Answer the following questions on the basis of the following three sets of deta for the country of North Vaudeville: (A) Price Level 110 100 (B) Price Level (C) Price Level Real GDP Real GDP Real GDP 290 265 240 215 100 215 240 110 240 100 100 100 100 240 95 90 265 290 95 240 240 90 a. Which set of data illustrates aggregate supply In the immediate short run in North Vaudeville? The data in C The short run? The data in B The long run? The data in A b. Assuming no change in hours of work, if real output per hour of work decreases by 20 percent, what will be the new levels of real GDP in the right column of A? Instructions: Enter your answers rounded to 1 decimal place. Ata price level of 110:[ At a price level of 100: At a price level of 95:| At a price level of 90: Does the new data reflect an increase in aggregate supply or does it indicate a decrease in aggregate supply? Decrease in aggregate nupply

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Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.